Prosperity Bancshares acquired First Bancshares of Texas, Inc. (FirstCapital Bank of Texas) for $341.6 million, a transaction announced in May 2023.
Acquired the parent of FirstCapital Bank of Texas, a $2.1 billion-asset, 16-office franchise across West, North and Central Texas; total consideration was valued at approximately $341.6 million at announcement (3,583,370 shares plus about $91.5 million cash).
Acquired the parent of FirstCapital Bank of Texas, a $2.1 billion-asset, 16-office franchise across West, North and Central Texas; total consideration was valued at approximately $341.6 million at announcement (3,583,370 shares plus about $91.5 million cash).
Advisory firms were not disclosed for this transaction.